Genussrechte

English translation: profit participation rights

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Genussrechte
English translation:profit participation rights
Entered by: Carl Sennett

19:07 Oct 19, 2004
German to English translations [PRO]
Bus/Financial - Investment / Securities / Securitisation
German term or phrase: Genussrechte
Die Genussrechte können aufgrund ihrer Ausgestaltung als Sonderposten „Genussrechte“ zwischen den Posten „Eigenkapital“ und „Fremdkapital“ ausgewiesen werden. Die Genussrechte qualifizieren sich innerhalb der Ratingsysteme der beteiligten Kreditinstitute als
Eigenkapital.

From further mentions in the document (a product overview for a securitisation), these "Genussrechte" appear to have similarities to redeemable preference shares. There are plenty of references to "Genussrechte" on the Internet, but does anyone know if there is a correct English translation of the term?
Carl Sennett
United Kingdom
Local time: 01:54
participation rights
Explanation:
according to Dietl/Lorenz
Selected response from:

Jonathan MacKerron
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
2 +2participation rights
Jonathan MacKerron
3 +1profit-sharing rights
Kim Metzger


Discussion entries: 1





  

Answers


5 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +2
participation rights


Explanation:
according to Dietl/Lorenz

Jonathan MacKerron
Native speaker of: English
PRO pts in category: 3

Peer comments on this answer (and responses from the answerer)
agree  Derek Gill Franßen: Yes, as in "profit participation rights" (also Dietl). :-)
50 mins

agree  Ralf Lemster: Definitely "profit-participation rights"
1 hr
Login to enter a peer comment (or grade)

2 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
profit-sharing rights


Explanation:
One possibility according to Hamblock/Wessels, but I can't be sure.

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Note added at 9 mins (2004-10-19 19:17:12 GMT)
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Or dividend right - but I\'m not a financial expert.

Equity and Liabilities
Share capital
Capital reserves
Retained earnings and consolidated profit
Special dividend right (Genussrecht ) pursuant to § 174 AktG

http://www.immofinanz.at/download/konzernabschluss_engl.pdf


Kim Metzger
Mexico
Local time: 18:54
Native speaker of: Native in EnglishEnglish
PRO pts in category: 47

Peer comments on this answer (and responses from the answerer)
agree  Alison Schwitzgebel: with profit-sharing right (according to Zahn)
19 mins
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